Simon Collins, UK Chairman of KPMG, comments on the Chancellor's announcement about encouraging small businesses to drive the country's future growth.
In his immediate response to the 2016 Budget, Simon Collins, UK Chairman of KPMG, commented:
“Set against the backdrop of lower than expected UK growth forecasts, the Chancellor set out his stall with small businesses to encourage them to drive the country’s future growth. With a variety of measures aimed at the more traditional butcher, baker and candlestick-maker across the country but also the digital age ‘kitchen table’ entrepreneurs.
“Substantial changes to business rates, National Insurance, Capital Gains Tax and Corporation Tax for small businesses is smart and likely to stimulate activity.
“And how will he pay for it? Increased and improved regulation to capture more tax from multi-national companies and – the sweetener – sugar tax.”
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